https://www.taxtmi.com/caselaws?id=246878 The tribunal reversed the addition of Rs.13.74 lakhs under section 69 of the Income Tax Act, finding lack of evidence to support the Assessing Officer's presumption. Similarly, the tribunal deleted the Rs.24.80 lakhs excise duty evasion addition due to insufficient proof of unauthorized activities by the assessee. Both decisions were based on the absence of concrete evidence, leading to the dismissal of the tax appeal and upholding the tribunal's rulings to delete the contested additions. en-us Mon, 13 Jan 2014 00:00:00 +0530 Fri, 25 Apr 2014 10:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246878 The tribunal reversed the addition of Rs.13.74 lakhs under section 69 of the Income Tax Act, finding lack of evidence to support the Assessing Officer's presumption. Similarly, the tribunal deleted the Rs.24.80 lakhs excise duty evasion addition due to insufficient proof of unauthorized activities by the assessee. Both decisions were based on the absence of concrete evidence, leading to the dismissal of the tax appeal and upholding the tribunal's rulings to delete the contested additions. Case-Laws Income Tax Mon, 13 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246878